The latest news and events driving markets around the world, supplied by Marketwatch and Reuters.
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U.K. stocks rose on Tuesday, as an advance in oil shares and persistent weakness in the pound helped push the blue- chips market toward a sixth consecutive advance. The FTSE 100 index rose 0.3% to 7,421.26, a move that puts the index on track to close above the 7,400 level for the first time since early February. Oil and gas and tech shares fared the best but the consumer services sector was among decliners.
German Ifo business sentiment takes gloomy tinge; William Hill shares slide. European stocks traded around their strongest levels in more than two months Tuesday, led by gains for oil and gas shares, as investors continued to wade through a stream of corporate earnings reports. The Stoxx Europe 600 index picked up 0.2% to 384.02.
2- year yield rises to 2.48%. The yield on 10- year Treasury note retreated slightly early Tuesday as the benchmark government bond's ascent to a psychologically significant level at 3% sputtered, with traders awaiting fresh catalysts to move the bond market. The benchmark 10- year Treasury note yield edged off by 0.5 basis point to 2.968%, after flirting with an intraday high of 2.996% on Monday, representing its highest level since January 2014..
Tech shares weigh in South Korea, Taiwan. Chinese stocks rebounded sharply Tuesday morning after weeks of underperformance, getting a lift from government pronouncements of deeper economic and market reforms, though tech stocks weighted on some indexes elsewhere. China's 25- member Politburo said after a meeting Monday that "the government will stick to a proactive fiscal policy and prudent and neutral monetary policy.